Powered by MOMENTUM MEDIA
realestatebusiness logo
Home of the REB Top 100 Agents

Watchdog cracks down on online scammers

By Stacey Moseley
20 November 2012 | 9 minute read

Consumer Affairs Victoria is cracking down on online scammers who are cheating prospective holiday makers this season.

According to a news alert released by Consumer Affairs Victoria there have been 26 reports of rental scams in the past year. Consumer Affairs expects there to be a jump in reports over the silly season.

Rental listings are a popular target for scammers said a spokesperson from Consumer Affairs Victoria.

==
==

“Scammer will post bogus listings which often look like genuine offers, including photos and real addresses of properties,” they said.

“When a holiday maker expresses interest, the scammer requests money - often via money transfer - or personal details up-front, to ensure they 'secure' the rental property.”

However rather than securing the dream holiday rental, you’ll either lose your money or open yourself up to identity theft.

This comes just months after Stayz, Takeabreak, Rentahome, the Holiday Letting Organisation and the Real Estate Institute of NSW (REINSW), along with a number of councils and government agencies including the NSW Department of Planning and Infrastructure and Destination NSW developed a Code of Conduct in an attempt to remove the need for government regulation of the sector.

Do you have an industry update?
Subscribe
Subscribe to REB logo Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.